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By Dai Qi

The China Securities Regulatory Commission (CSRC), China's securities regulator, has accelerated listing reforms aiming at attracting promising companies with emerging industries, technologies and business models, the 21st Century Business Herald reported on Wednesday.

These reforms would take a further step on the mechanism of same shares with different rights and more relaxed restrictions on the listing of enterprises which haven't made a profit yet.

Recently, Entertainment Plus, an entertainment firm controlled by one of China's entertainment behemoths Enlight Media, and Haidilao, a catering chain enterprise focusing on the Sichuan style hot pot, and several other companies based in the Chinese mainland, released their prospectuses in Hong Kong Exchanges and Clearing Limited (HKEX).

As a result of the HKEX's listing reforms, this has catalyzed the increasing pace of the listing reforms by the CSRC in the Chinese mainland, according to the 21st Century Business Herald.

The mechanism for the same shares with different rights is one of the HKEX's advantages, which made its debut in July when Xiaomi, a Chinese electronics company, became listed in Hong Kong.

On Aug, 31, the CSRC said in a response to No. 0244 proposal of the Chinese People's Political Consultative Conference that in a bid to meet the needs of start-ups, it was planning to allow companies to issue common shares with different rights to vote on the basis of the principle of the same shares with the same rights.

Meanwhile, the CSRC said in its response that policies on the listing of enterprises that haven't made a profit yet would be in those on the innovative pilot enterprises.